Quarterly Economics Briefing

Quarterly Economics Briefing - Q3 2020

By NCCI Insights October 30, 2020

This edition of the Quarterly Economics Briefing presents two reports on how the coronavirus (COVID-19) pandemic has affected employment.

As US Employment Recovers From COVID-19, Services and States Are Key

US job losses from the coronavirus pandemic peaked in April and have gradually recovered since then, but the coronavirus recession continues. A clearer picture is now emerging of how coronavirus is impacting employment in different industries and across states. This report takes stock of what we know about the coronavirus recession so far and what the path to recovery may look like.

Average Wages During the Coronavirus Pandemic

Average weekly earnings rose sharply at the onset of the pandemic and plateaued last quarter. This report shows that the pattern was caused by the concentration of employment losses in low-wage jobs and sectors. Cutbacks in hours also significantly impacted average earnings in a few sectors.

This article is provided solely as a reference tool to be used for informational purposes only. The information in this article shall not be construed or interpreted as providing legal or any other advice. Use of this article for any purpose other than as set forth herein is strictly prohibited.

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